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The firm has total assets of $2,500,000, total liabilities of $1,500,000, preferred stock obligation of $75,000, and 100,000 shares of common stock outstanding. What is
The firm has total assets of $2,500,000, total liabilities of $1,500,000, preferred stock obligation of $75,000, and 100,000 shares of common stock outstanding. What is the firm's book value (or net worth) per share? (Enter the dollar sign and commas, as appropriate)
$10
$9.25
$24.25
$6.50
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